Mark Zuckerberg to testify before House Financial Services Committee on Facebook's 'Libra' cryptocurrency

The House Financial Services Committee has asked Facebook CEO Mark Zuckerberg to testify on Facebook's planned Libra cryptocurrency, and he will do so on October 23. Read the rest

Karl Schroeder's "Stealing Worlds": visionary science fiction of a way through the climate and inequality crises

Karl Schroeder (previously) is literally the most visionary person I know (and I've known him since 1986!): he was the first person to every mention "fractals" to me, then "the internet" and then "the web" -- there is no one, no one in my circle more ahead of more curves, and it shows in his novels and none moreso than Stealing Worlds, his latest, which is a futuristic roadmap to how our present-day politics, economics, technology and society might evolve. Read the rest

Weekend SIM-swapping blitz targets US cryptocurrency holders

SIM swapping attacks involve tricking or bribing a phone company into assigning someone else's phone number to you; once you have the number, you can intercept SMS-based two-factor authentication messages and use them to take over accounts. Read the rest

Study finds 95% of all Bitcoin trading volume is fake, designed to lure in ICOs

A report from Bitwise -- an investment firm lobbying for FEC approval for a cryptocurrency based exchange-traded fund -- found that 95% of the trading volume in Bitcoin was fake, ginned up through techniques like "wash trading" where a person buys and sells an asset at the same time. Read the rest

Bowing to public pressure, Coinbase announces it will "transition out" the ex-Hacking Team cybermercenaries whose company it just bought

The cryptocurrency service Coinbase recently acquired Neutrino, a forensics startup founded by cybermercenaries who were left unemployed by the collapse of the company Hacking Team, following a dump of internal documents that revealed the company's enthusiastic and highly profitable complicity in human rights abuses by the world's most torture- and murder-happy autocrats and dictators. Read the rest

Crypto CEO dies with the password to unlock $200+ million of customers' Bitcoin

"After Gerry’s death, Quadriga’s inventory of cryptocurrency has become unavailable and some of it may be lost," said his widow.

What it's like to be a woman reporter on a cryptocurrency cruise where nearly all the other women are sex-workers

Laurie Penny (previously) got sent on the 2018 CoinsBank Blockchain Cruise -- a four-day cruise filled with "starry-eyed techno-utopians and sketchy-ass crypto-grifters" who solved the fact that there almost no women signed up using the "free market": they paid teen sex workers from Ukraine to ship out with them. Read the rest

Malware vector: become an admin on dormant, widely-used open source projects

Many open source projects attain a level of "maturity" where no one really needs any new features and there aren't a lot of new bugs being found, and the contributors to these projects dwindle, often to a single maintainer who is generally grateful for developers who take an interest in these older projects and offer to share the choresome, intermittent work of keeping the projects alive. Read the rest

Ohio becomes first state to accept bitcoin for tax payments from business owners

Ohio has become the first state to allow businesses to use cryptocurrency – bitcoin, specifically – to pay their taxes. And the state doesn't plan to HODL, either. As soon as they receive it they will sell it off for US dollars. (With bitcoin plummeting over 40% over the last month, their decision not to HODL is a practical one.)

Via Mashable:

According to The Wall Street Journal, businesses can start registering this week on ohiocrypto.com for the chance to pay their taxes in bitcoin. And yes, it's only bitcoin — sorry ether fans.

"Under the leadership of Ohio Treasurer Josh Mandel, taxpayers are able to pay their state business taxes with cryptocurrency for the first time anywhere in America," explains the Ohio crypto website. "Ohio has become the first state in the United States, and one of the first governments in the world, to accept cryptocurrency."

So with bitcoin in a downward spiral and no plans to horde the cryptocurrency in hopes of a longterm gain, why would Ohio accept it in the first place? According to The Wall Street Journal:

The idea to accept the digital currency for taxes came from state Treasurer Josh Mandel, who has held the office since 2011 and started taking an interest in bitcoin several years ago. Mr. Mandel, 41 years old, views the new program both as a convenience for filers and an opportunity for “planting a flag” for Ohio in the currency’s adoption.

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My keynote for Ethereum Devcon: without the rule of law, crypto fails

I was one of the keynote speakers at last week's Ethereum Devcon in Prague, where I gave a talk called "Decentralize, Democratize, or Die," about the way that bad tech policy (crypto backdoors, the DMCA's ban on security disclosures, etc) come from weak states where the super-rich get to call the shots, and how things like money-laundering creates these weak states. The core message: if you don't figure out how to make more pluralistic, less plutocratic states, you will never get the kind of information security you need for your blockchain systems to thrive. Read the rest

French spy used darknet to sell access to national mass-surveillance databases

A cop working for the Direction Générale de la Sécurité Intérieure (the French national domestic surveillance agency) used the darknet marketplace Black Hand to sell access to France's prodigious national surveillance apparatus to criminals: give him a phone number and he'd track its location; give him a name and he'd tell you whether that person was under police investigation and disclose the contents of the associated files; he'd also sell you everything you needed to forge papers and other official documents (he took payment in Bitcoin). Read the rest

Anatomy of a Reddit cryptocurrency spam-factory

A guy named "Aaron" has been pitching Reddit moderators and other influential Redditors on their participation in a lucrative scam to inflate the popularity of posts about different cryptocurrencies, using massive farms of bots that post and upvote through a network of proxies that make them seem like they're distributed all over the world. Read the rest

Interview with a cryptocurrency scammer

Adam Guerbuez is a cryptocurrency evangelist whose Youtube channel is full of videos promoting cryptocurrency trading; when he got a Twitter message from a scammer promising to send him free Ethereum coins, he asked the scammer if they could talk about the scam. Read the rest

Porn blackmailers supercharge their scam with password dumps, make bank

The porn extortion scam works like this: you get an email from a stranger claiming that he hacked your computer and recorded video of you masturbating to pornography, which he'll release unless you send him some cryptocurrency. Read the rest

For a mere $105,000, John McAfee will tweet about your cryptocurrency

Creepy (no, seriously) 1980s villain John McAfee has 812,000 Twitter followers, some of whom are not bots, and for the low price of $105,000, he will tweet to them about your cryptocurrency. Read the rest

Attacks that unmask anonymous blockchain transactions can be used against everyone who ever relied on the defective technique

In An Empirical Analysis of Traceability in the Monero Blockchain, a group of eminent computer scientists analyze a longstanding privacy defect in the Monero cryptocurrency, and reveal a new, subtle flaw, both of which can be used to potentially reveal the details of transactions and identify their parties. Read the rest

Teen's devastating bug-report on a "tamper-proof" cryptocurrency wallet shows why companies can't be left in charge of bad news about their products

Saleem Rashid is a 15 year old self-taught British programmer who discovered a fatal defect in the Ledger Nano S, an offline cryptocurrency wallet that is marketed as being "tamper-proof." Read the rest

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